Xiaomi, a leading Chinese technology firm, will make its debut in the automotive industry with the delivery of its first electric vehicle (EV) later this month. The announcement, scheduled for March 28, will reveal the pricing details of the eagerly anticipated vehicle. Known for its prominence in the smartphone industry as China's fifth-largest manufacturer, Xiaomi…
In the competitive electric vehicle (EV) market, Chinese automaker BYD surpassed Tesla in sales during the last quarter of 2023. BYD announced a record sale of 526,000 battery-only vehicles in the final quarter, marking the first time it has outdone Tesla's sales in a single quarter. Tesla, however, faced slowing demand amid rising borrowing costs.…